Angola, the continent’s major oil producer, plans to join the Extractive Industries Transparency Initiative (EITI) to fight corruption in oil, gas and mineral extraction revenues.
Transparent management
On Friday, August 28 the Angolan Minister of Foreign Affairs, Tete Antonio announced this decision on the social network Twitter. According to him Angola
has clearly demonstrated its commitment to promote the open and responsible management of its natural resources for the benefit of its people
Tete Antonio, Angolan Minister of Foreign Affairs
The EITI, created in 2003, has more than 50 implementing countries.
Joao Lourenco against corruption
Angolan President Joao Lourenco has been engaged in an anti-corruption campaign since he took power from José Eduardo dos Santos, who resigned in 2017 after almost four decades of rule.
The fight against corruption in Angola continues under the leadership of President Joao Lourenço, the government has in 2019 recovered billions of dollars.
The government recovered billions of dollars in 2019. “We recovered this year more than 5 billion dollars stolen from the state coffers
Francisco Queiroz, Angolan Minister of Justice – conference in Abu Dhabi
Earlier this month, a Luanda court sentenced dos Santos’ son to five years in prison for a $500 million bribery case.
Africa’s second-largest oil exporter is also trying to stem the steady decline in oil production due to lack of investment.
